 "Vedanta")
The proposed delisting of mining baron Anil Agarwal's flagship Indian unit Vedanta Ltd will improve the group's corporate structure and credit profile, S&P Global Ratings said on Thursday.
This is despite a likely increase in Vedanta Resources' leverage due to the transaction, it said in a note.
Agarwal-controlled Vedanta Resources is the parent firm of Mumbai-listed Vedanta, which houses mining and oil & gas operations of the group.
Vedanta Resources has proposed to buy out public shareholders in Vedanta Ltd.
"The proposed privatization is subject to several approvals, including by the Vedanta Ltd board of directors, which is scheduled to
